The Housing Chronicles Blog: Mortgage applications dip 2.5 percent, rates unchanged at 5.11 percent in weekly update

Thursday, November 1, 2018

Mortgage applications dip 2.5 percent, rates unchanged at 5.11 percent in weekly update

The Market Composite Index decreased 2.5 percent on a seasonally adjusted basis from one week earlier, with purchase loans falling 2.0 percent and refinance activity down 4.0 percent. The average contract interest rate for 30-year fixed-rate mortgages remained unchanged at 5.11 percent.

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